Bitcoin Surpasses $100,000 Mark Amid Rising Institutional Investment

Bitcoin has reclaimed its position above $100,000, following a brief correction earlier this week. This surge in price has triggered a fear of missing out (FOMO) among investors, as indicated by the Fear and Greed Index, which currently reads “extreme greed.” However, sidelined traders looking for alternative investment opportunities may consider cheap altcoins as a viable option.

Trump’s Crypto Plans Boost Bitcoin and Altcoins

U.S. President Donald Trump’s recent statement on embracing cryptocurrency has contributed to the positive sentiment among crypto traders. Trump expressed his intention to “do something great with crypto” during an interview at the New York Stock Exchange. This pro-crypto stance, combined with the nomination of crypto-friendly candidates for key positions, has alleviated regulatory and policy-related concerns in the crypto market.

Bitcoin Options Data Suggests Rally Could Extend

Options data indicates a bullish sentiment in the market, with the 25-delta risk reversal for Bitcoin over 14 days standing at 3.75985. This suggests that the implied volatility of calls is greater than the implied volatility of puts, signaling a potential rise in Bitcoin price. The put-call ratio of 0.55 or lower also indicates a strong bullish sentiment, with more calls being purchased than puts.

Altcoins Could Rally as Altseason Returns

The altcoin season index has climbed to 71 on a scale of 0 to 100, indicating that the market is approaching the second leg of altcoin season. This could lead to a surge in token prices in the coming weeks. Altcoin season is defined as a period where 75% of the top 50 altcoins outperform Bitcoin for 90 days.

Cheap Altcoins to Consider

Several cheap altcoins are worth considering, including:

  • Aerodrome Finance (AERO), a token of a liquidity hub in the Base ecosystem, averaging over $1 million in fees per day.
  • Beam (BEAM), a gaming token that recently announced the integration of AI into its gaming network.
  • Chainlink (LINK), the largest oracle network in crypto, enabling cross-chain communication for traditional and decentralized finance platforms.
  • Pups World Peace (PUPS), a meme coin that recently hit a high of $0.405265 and is currently in an uptrend.
  • AAVE, a DeFi token that could extend its gains per technical indicators.

Strategic Considerations

The current crypto market cycle is distinct from previous bull runs, with most institutional capital inflow geared towards Bitcoin. While options metrics signal a potential Bitcoin price surge, there is always a likelihood of a market correction if Bitcoin experiences a flash crash.

As the crypto market continues to evolve, it’s essential to stay informed and adapt to changing trends. For more news and insights on the crypto market, visit Global Crypto News.

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